Nationwide Destination 2065 Fund Technical Analysis

NWASX Fund  USD 10.77  1.16  0.24%   
As of the 29th of March, Nationwide Destination secures the Risk Adjusted Performance of 0.1203, mean deviation of 0.481, and Downside Deviation of 0.6183. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nationwide Destination, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Nationwide Destination, which can be compared to its peers in the industry. Please verify Nationwide Destination information ratio and downside variance to decide if Nationwide Destination 2065 is priced some-what accurately, providing market reflects its recent price of 12.99 per share.

Nationwide Destination Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nationwide, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nationwide
  
Nationwide Destination's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Nationwide Destination technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Nationwide Destination technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nationwide Destination trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Nationwide Destination Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nationwide Destination volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nationwide Destination Trend Analysis

Use this graph to draw trend lines for Nationwide Destination 2065. You can use it to identify possible trend reversals for Nationwide Destination as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nationwide Destination price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nationwide Destination Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nationwide Destination 2065 applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Nationwide Destination 2065 will continue generating value for investors. It has 122 observation points and a regression sum of squares at 13.47, which is the sum of squared deviations for the predicted Nationwide Destination price change compared to its average price change.

About Nationwide Destination Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nationwide Destination 2065 on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nationwide Destination 2065 based on its technical analysis. In general, a bottom-up approach, as applied to this mutual fund, focuses on Nationwide Destination price pattern first instead of the macroeconomic environment surrounding Nationwide Destination. By analyzing Nationwide Destination's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nationwide Destination's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nationwide Destination specific price patterns or momentum indicators. Please read more on our technical analysis page.

Nationwide Destination March 29, 2024 Technical Indicators

Most technical analysis of Nationwide help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nationwide from various momentum indicators to cycle indicators. When you analyze Nationwide charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Nationwide Destination One Year Return

Based on the recorded statements, Nationwide Destination 2065 has an One Year Return of 25.6484%. This is 31.6% higher than that of the Nationwide family and significantly higher than that of the One Year Return category. The one year return for all United States funds is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nationwide Destination 2065. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

Complementary Tools for Nationwide Mutual Fund analysis

When running Nationwide Destination's price analysis, check to measure Nationwide Destination's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nationwide Destination is operating at the current time. Most of Nationwide Destination's value examination focuses on studying past and present price action to predict the probability of Nationwide Destination's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nationwide Destination's price. Additionally, you may evaluate how the addition of Nationwide Destination to your portfolios can decrease your overall portfolio volatility.
CEOs Directory
Screen CEOs from public companies around the world
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Commodity Directory
Find actively traded commodities issued by global exchanges
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Please note, there is a significant difference between Nationwide Destination's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nationwide Destination is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nationwide Destination's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.